- Yes Bank into damage control mode, to meet on Dec 13
- Foxconn aims to cut $2.9bn from expenses in 2019
- Birla flags concerns on high spectrum payment to govt
- Ramdev’s Patanjali is losing the race to lead India’s FMCG
- Mobile component makers to invest up to $2-bln by Mar
- IDBI Bank hopes to be back in black by first quarter
- Panel proposals will help solve issues: Power Secy
- NCLT could lose power to approve M&As in reform move
- US court rules in favour of Dr Reddy’s, allows sale of generic Suboxone
- India poised to topple Brazil as the world’s biggest sugar producer
- IRDAI gives in-principle approval for IndiaFirst Life Insurance stake sale
- FPIs pull out $900 mn from Indian market on widening CAD in Sept quarter
- Crisil downgrades passenger vehicles’ sales forecast to 7-9% for FY19
- Reliance Jio to be service provider for Railways from Jan 1
- WGC, MMTC-PAMP set up gold assaying institute
- Chinese market brightens prospects for mustard
- Revenue shortfall may put pressure on the fisc
- ONGC gas production at all-time high of 70 mmscmd
- Vodafone Idea plans to invest Rs 27,000 crore in FY20
- EU unveils policy paper on boosting ties with India
- India liquidity crisis set to dent heavy truck sales
- Bharat Gas, 2 others to invest ₹8,000 crore for CGD in Maharashtra
- Global growth to slow to 3.5% in 2019: OECD
- Shapoorji Pallonji Group plans $1 billion share sale of solar unit
- CGTMSE tweaks norms to improve credit guarantee process
- Farm loan waivers lead to fewer crop insurance policies
- Digital lending to MSMEs to grow up to $100 billion annually in 5 years
- NET Telecom Secretary asks states to utilise Bharat Net infrastructure
- UltraTech to incorporate Binani Cement as subsidiary
- FinMin aims to rein in CAD at 2.2-2.3% with lower crude, higher rupee
- Half of India’s ATMs may close down by Mar ‘19
- Srei PAT at Rs 111 cr, Bhutoria new CEO
Month: November 2018
Today’s M & A Deals_Nov 22, 2018
M & A Deals :
- SoftBank ropes in Norwest director to head India investments
- Arali Ventures marks first close of debut seed fund
- Kotak gears up to float a bunch of PE, VC funds to double assets
- Investcorp floats biz to buy stakes in mid-size alternative asset managers
- Quikr trims cash burn but losses still exceed revenues in FY18
- MobiKwik adds insurance to its portfolio of digital financial offerings
- Indian OTT market to grow 10 times to $5 bn by 2023: BCG
Today’s M & A Deals_Nov 21, 2018
M & A Deals :
- Cloudnine raises fresh private equity funding
- IDFC’s mutual fund biz attracts interest from peers, market veteran
- Ad veterans, Sequoia exec float venture capital fund
- Korean, Japanese investors to back mobile gaming startup Mech Mocha
- Hong Kong’s PAG closes $6 bn third fund, may invest in India
- Canadian Solar to buy out Suzlon in two solar projects
- Akshaypat Singhania floats $14 mn fund to invest in startups
- Sensex snaps winning streak as RBI meet outcome fails to calm investors
- Impact investor BlueOrchard offers more debt funding to microlender Aye Finance
- Stellaris, Kalaari invest in KYC solutions startup Signzy
- True North may sell stake in VKL; Radiant eyes tie-up with Jaslok Hospital
- Fitness startup CureFit buys mental wellness platform Seraniti
- AI-based KYC solutions startup Signzy secures Series A funding
- Industrial IoT startup DeTect Technologies gets Series A cheque
Morning Business News Round Up_ Nov 20, 2018
- RBI board to set up panel on capital framework, review PCA rules
- Trai to meet telcos next mth to finalise 2019 agenda
- RBI to inject Rs 8,000 cr liquidity on Nov 22
- Yes Bank board overhaul: R Chandrashekhar may resign
- Govt to raise up to Rs 14K cr via CPSE ETF
- LSE moves bond trading from London to Italy ahead of Brexit
- RIL considers plan to expand world’s largest refinery at Jamnagar by half
- NSE launches online platform for retail investors to buy g-sec
- Adani, GAIL & Bharat Gas to invest Rs 34 bn in gas distribution in Odisha
- RBI and govt signal truce on demand for transferring surplus reserves
- SC rejects Dalmia Bharat plea challenging NCLAT order on Binani Cement
- IOC identifies areas for gas distribution in TN
- IRDAI to review motor insurance norms for own damage cover
- HDFC disburses over ₹1,100 cr under PMAY’s CLSS
- Sugar production stood at 11.63 lakh tonnes till Nov 15
- Truck operators want vehicle fuel to be brought under GST
Morning Business News Round Up_ Nov 19, 2018
- RBI, govt likely to reach common ground on key issues
- CIC asks PMO, RBI to disclose wilful defaulters’ list
- PSU banks’ losses widened by 3.5 times in Q2
- Govt should stick to fiscal deficit target: Panagariya
- JSW Steel to invest over Rs 5,000 cr on manufacturing
- HDFC disburses Rs 1,100 cr subsidy to home buyers
- Power ministry fears merger likely to hurt PFC, REC
- Mutual fund industry seeks urgent meet with Sebi on expense structure
- Govt looks to garner Rs 50 bn from CPSE share buybacks in FY19: FinMin
- Govt gives ministries autonomy in hiring PSU directors sans PESB nod
- PM Modi to chair meet with top industrialists on ‘Ease of Doing Business’
- Siemens net profit dips over 55% to Rs 2.79 bn for quarter ended on Sept 30
- Mobile cos seek 10-yr tax holiday, reforms to become $230-bn sector: Report
- P-note investments continue to drop; hit fresh low of Rs 66,587-cr
- FPIs invest over $1 bn on easing oil prices, rupee recovery
- ACE products should be excluded from FTAs: Report
- Work on IOC’s Kochi LPG terminal to begin in Jan
- Philips TVs to make a comeback; tie-up with TPV Technology
- CAG’s GST audit report likely to be tabled in Winter Session
- 358 infra projects show cost overruns of over Rs 3.37 trillion
- India invites bids from mutual funds for new Debt ETF
- Nigeria seen as biggest rice buyer in 2019, behind China
- Spectrum sharing may help telecom firms shift to 5G in India
- Amid tiff with Centre, RBI board likely to debate liquidity crisis
- GAM said to offer star fund managers special retention bonuses
- RBI net sells $18.66 bn of greenback between April-Sept.
- Tata Sons only in preliminary talks with Jet Airways about a deal
- Government to resolve issues impacting coal output, supply: Piyush Goyal
- BSE to part ways with S&P Dow Jones
- Mudra loans-big source of oxygen for small businesses
- DoT to take up further policy reforms for high digital goals: Secretary
- PNB’s overseas ops also under fraud cloud
- RBI, govt may converge on PCA, credit, liquidity issues
Morning Business News Round Up_ Nov 16, 2018
- Tata board may decide Jet Airways takeover on Friday
- Fitch keeps India’s sovereign rating unchanged at ‘BBB-‘
- October trade deficit widens to $ 17.13 billion
- Trai floats paper on discontinuing printed phone bills
- ITC looks to expand food portfolio to boost turnover
- Sebi asks listed cos to disclose commodity risks in transparent, uniform manner
- Centre looks to raise Rs 140 bn through basket share sale in 11 CPSEs
- Rahul Bajaj lauds Urjit Patel for defending RBI, warns govt on Section 7
- No takers for India’s real estate bonds as IL&FS fuels worry of defaults
- Rupee rallies to two-month high, jumps 34 paise to close below 72-mark
- Walmart increases annual earnings estimate on higher quarterly revenue
- Mahindra to invest ₹1,000 cr in e-vehicles
- ‘Over 10 lakh crore invested in telecom sector in 2 years’
- Exports bounce back, grow 17.86% to $26.9 b in October
- Post GST, pharma sector grew 6% till May this year: Minister
- Bajaj Electricals expects 49% increase in turnover this year
- Coal India Q2 profits boosted by higher selling prices
- ITC eyes Rs1 trillion from FMCG, plans to expand food portfolio
- Indian Hotels narrows Q2 loss to ₹5.21 crore
- RInfra Q2 profit slips 49% to Rs277 crore
- Uber posts $1 billion loss as growth in bookings slows
- India’s transition to low carbon economy still short, claims report
- Demonetisation: 80,000 being chased by I-T for large cash deposits
- RBI Board meet: Finance Ministry keen on boosting MSME credit, NBFC liquidity
- NBFC debt crisis is starting to hit India’s consumersØ CAR of Allahabad Bank, UCO, IDBI, CBI fall below 9%
- BEL pays 40% final dividend to govt, total at 200%
- Intel sets up Rs 1,100 crore design centre in Bangalore
- ED probes FEMA violations by Amazon, Flipkart
Morning Business News Round Up_ Nov 15, 2018
- India, US to increase engagement in oil, energy sector
- Vodafone Idea reports Q2 loss of Rs 4,974 crore
- RBI imposes fine of Rs 3 cr on Deutsche, J&K Bank
- Air India bailout plan not alt to divestment: CMD
- Gautam Singhania quits Raymond Apparel as chairman
- RBI, govt trying to reach consensus on some issues
- Pfizer Q2 net profit falls 14% to Rs 95.8 crore
- Moody’s downgrades Tata Motors’ outlook to negative on JLR woes
- India to attract investments worth $80 bn in renewable energy: Report
- NCLAT okays UltraTech bid for Binani Cement, says no to Dalmia Bharat
- Nalco declares share buyback offer worth Rs 5.05 bn; date of closing Nov 28
- M&As likely to gain traction as more bankruptcy cases go to NCLT
- Tata Global to invest ₹100 cr in tea packaging unit
- Steel, Heavy Industry, Textile Ministries still apprehensive over RCEP pact
- Govt mulls delinking investment from FTAs, seeks legal opinion
- GVK to divest stake in airport holding biz
- CESC Q2 profit up 20% at ₹975 cr
- Motherson Sumi Q2 net down 10% at ₹426 cr
- Jet Airways to sell six Boeing 777 planes to reduce debt
- RBI, govt trying to reach common ground on some key issues
- IDBI Bank posts eighth straight quarterly loss as provisions surge
- NBFCs face unforgiving bond market as volumes plummet
- Yes Bank chairman Ashok Chawla resigns over corruption charges
- Q2 results: M&M profit rises 24%, beats estimates
- Rupee payment mechanism to bolster India’s trade with Iran, says TPCI
- Samsung drugmaker fined for $4 billion accounts breach
- India’s job outlook drops 3 percent to 92 percent in H2 of FY19: Report
- CCI cotton procurement yet to pick up as prices above MSP
- DoT explores single telecom fee, to define AGR to cut disputes
- RBI, govt to accommodate each other by Nov 19 meet
- Sundaram Fin to divest 40% stake in Royal Sundaram
- JM Financial arm offers 10% interest on NCDs
Today’s M & A Deals_Nov 15, 2018
M & A Deals :
- Motilal Oswal PE loses a top executive
- Ageas to acquire 40% stake in Royal Sundaram General Insurance
- Prime Venture leads Series A funding in retail-tech platform Perpule
- 1Crowd leads pre-Series A funding round in Hoi Foods
- Sensex closes flat as firm rupee weighs on IT, healthcare stocks
- Retail-tech startup Perpule gets Series A cheque
- Infibeam’s revenue up 83% in Q2, posts net profit
Today’s M & A Deals_Nov 14, 2018
M & A Deals :
- PE funding isn’t on GSK Velu’s mind as he charts course for Neuberg Diagnostics
- State Bank of India gears up for IPO of PE-backed general insurance unit
- Former Clix Capital executive gets funding for SME-focussed NBFC
- Thyrocare founder A Velumani on why diagnostics sector draws PE interest and more
- Capria’s emerging markets $100 mn fund-of-funds marks first close
- IndusInd Bank calls off acquisition of IL&FS’ securities services arm
- SEBI tightens disclosure norms for ratings agencies in wake of IL&FS crisis
- Stevens Creek Ventures leads funding round in on-demand driver provider DriveU
- IndiaNivesh marks first close for turnaround fund
- Sensex bounces back from early losses as banking, energy stocks lead charge
- On-demand driver provider DriveU raises funding
Morning Business News Round Up_ Nov 14, 2018
- Tata Steel Q2 profit jumps 3-fold to Rs 3,604 crore
- RBI to inject Rs 12,000 crore liquidity on November 15
- Ashok Leyland first set of EVs to hit roads in Jan
- Essel to sell up to 50% of promoter holding in ZEE
- Sun Pharma posts surprise Q2 loss of Rs 219 crore
- RBI needs to align capital adequacy norms
- Sebi tightens disclosure, review norms for credit rating agencies
- Reliance Infra wins Rs 161 million arbitration award against NHAI
- Tata Sons begins due diligence to buy debt-ridden Jet Airways: Report
- Hindalco to invest Rs 60 bn in downstream facilities in four years
- Allahabad Bank to raise additional Rs 18-19 bn to shore up capital adequacy
- Agritrade acquires SKS Power Generation in Rs 21.7 bn one time settlement
- Attorney General in favour of imposing a cess on sugar
- Jet Airways in talks to sell stake in luxury unit
- Cotton crop estimate put at 373 lakh bales for 2018-19
- Consultancy drives RITES’ net profit up by 59% in Q2
- Ashok Leyland Q2 net jumps 37.50% to ₹459.50 cr
- NCC net zooms by 134% to ₹125 cr
- SoftBank commits another $3 billion in funding to WeWork
- IHH acquires controlling 31.1% stake in Fortis for Rs 4,000cr
- IL&FS board invites buyers for stake in two of its subsidiaries
- Bank of India posts ₹1,156 crore loss in Q2 on surging NPAs
- Mutual Funds SIP flow climbs 42% to Rs7,985 crore in Oct
- Jindal Stainless warns of import surge if China trade deepens
- NITI Aayog seeks more time to analyse GDP back series data; may release it by December-end
- India emerges as leading seed hub in Asia
- Adani gets SC nod to supply natural gas to three areas in Ahmedabad
- China’s biggest bank to invest $200 million in Indian SMEs
- US dollar hits 16-month high, yen boosted by risk-off sentiment
- Essar creditor moves NCLT against Arcelor
- Tata Motors seen as most vulnerable to hard Brexit
- IndusInd calls off IL&FS Sec buyout
- NBFC crisis lowers CFO optimism to 19-qtr low
- India to rise from seventh largest economy to third by 2030
- India’s solar capacity at 27.4 GW till September end: Report